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re: Is one major cause of wealth disparity a poor rate of return on social security?
Posted on 5/29/14 at 8:43 am to NC_Tigah
Posted on 5/29/14 at 8:43 am to NC_Tigah
quote:
There was an earlier one regarding personal income vs inflation.
Do you not understand that I was responding to TA's hypothetical?
quote:quote:
In short, total compensation has not kept pace with increases in productivity.
Why should it?
TA's contending that IF compensation hasn't kept pace with increased productivity, why should it? He's questioning whether or not that would even be a bad thing. I respond that IF it were a good thing, then you would have to conclude wealth disparity is a good thing.
Even if, as you say, it is not the cause of our current disparity, that is not to say it wouldn't cause disparity if it existed.
I'm still not convinced by your response that compensation HAS kept up with inflation. But that's besides the point of TA's response.
Posted on 5/29/14 at 8:47 am to WildTchoupitoulas
quote:Umm. Those numbers are from the census. They are already inflation adjusted.
I'm still not convinced by your response that compensation HAS kept up with inflation.
Posted on 5/29/14 at 8:58 am to WildTchoupitoulas
quote:I thought your contention was that wage-growth commensurate with inflation-rate had not taken place. Was that not the basis for TA's response?
TA's contending that IF compensation
Posted on 5/29/14 at 9:01 am to WildTchoupitoulas
quote:Source of those numbers was the U.S. Department of Commerce, Bureau of Economic Analysis, Survey of Current Business.
I'm still not convinced by your response that compensation HAS kept up with inflation.
Do you have another?
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